Tracks Want Slot Machines

Track owners in Texas are trying to get video lottery terminals – a type of slot machine – legalized in Texas. They know that without the legalization of slot machines, the tracks will be doomed. They say they will not be able to continue to survive if they are not allowed slot machines at the tracks – they just don’t have enough to compete.

They are talking about the fact that neighboring states allow slot machines at their tracks, and thus have more to offer than Texas tracks do. Many tracks are in dire need of the slot machines to make up for falling track revenue. The gambling competition they have been getting from the other states is making it hard for them to make their purses, and if they can’t make their purses they cannot offer racing. San Antonio’s horse track, Retama Park, has already had to cancel its 2007 season.

However, there is talk of allowing Las Vegas type casinos to come to Texas – and if they were allowed, slot machine revenue could go to them. The tracks know that the slot machines will save them, but only if there is no in-state competition. They could not compete against everything the casinos would have to offer in addition to the slot machines. They say that those who are not really into horse racing could be drawn to the sport if slot machines are offered, but if casinos are around, they will go to play their slot machines instead.

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